Daymark Wealth Partners LLC Increases Position in Rockwell Automation, Inc. (NYSE:ROK)

Daymark Wealth Partners LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,295 shares of the industrial products company’s stock after purchasing an additional 53 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Rockwell Automation were worth $942,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC increased its stake in Rockwell Automation by 18.5% in the 4th quarter. Global Trust Asset Management LLC now owns 3,284 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 512 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after buying an additional 1,141 shares during the period. Roberts Wealth Advisors LLC grew its stake in Rockwell Automation by 3.8% in the 4th quarter. Roberts Wealth Advisors LLC now owns 12,980 shares of the industrial products company’s stock worth $3,584,000 after acquiring an additional 473 shares during the period. Atomi Financial Group Inc. raised its holdings in Rockwell Automation by 23.6% in the 4th quarter. Atomi Financial Group Inc. now owns 1,372 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 262 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Rockwell Automation by 20.9% during the 4th quarter. Ballentine Partners LLC now owns 1,907 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 330 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 0.6 %

Shares of NYSE ROK opened at $290.73 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $288.37 and its two-hundred day moving average price is $274.81. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $307.71. The stock has a market capitalization of $32.86 billion, a P/E ratio of 35.11, a PEG ratio of 3.13 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period last year, the business posted $3.64 earnings per share. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio is currently 63.29%.

Insider Buying and Selling

In related news, Director James P. Keane sold 2,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $296.00, for a total value of $592,000.00. Following the sale, the director now owns 11,518 shares of the company’s stock, valued at $3,409,328. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock worth $10,832,549 over the last quarter. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ROK. JPMorgan Chase & Co. dropped their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America lifted their target price on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Mizuho upped their target price on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Citigroup raised their target price on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.